FHEQ vs. COWG ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG)

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

COWG

Pacer US Large Cap Cash Cows Growth Leaders ETF

COWG Description

Pacer US Large Cap Cash Cows Growth Leaders ETF is an exchange traded fund launched and managed by Pacer Advisors, Inc. It invests in public equity markets of the United States. The fund invests in the stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund seeks to track the performance of the Pacer US Large Cap Cash Cows Growth Leaders Index, by using full replication technique. Pacer US Large Cap Cash Cows Growth Leaders ETF was formed on December 21, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.66

Average Daily Volume

166,515

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	COWG
30 Days	2.51%	13.99%
60 Days	3.80%	17.70%
90 Days	4.54%	20.44%
12 Months		49.68%

33 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in COWG	Overlap
AAPL	C	7.31%	1.27%	1.27%
ABBV	D	1.0%	0.67%	0.67%
ADBE	C	0.93%	0.48%	0.48%
AMAT	F	0.7%	0.46%	0.46%
AME	A	0.22%	0.46%	0.22%
ANET	C	0.08%	1.53%	0.08%
AVGO	D	1.49%	1.47%	1.47%
BMY	B	0.68%	0.53%	0.53%
CRM	B	1.09%	0.38%	0.38%
CRUS	D	0.06%	1.69%	0.06%
DBX	B	0.51%	0.68%	0.51%
DOCU	A	0.18%	1.03%	0.18%
FTNT	C	0.24%	0.94%	0.24%
GEN	B	0.13%	1.33%	0.13%
GILD	C	0.73%	0.83%	0.73%
GRMN	B	0.31%	1.68%	0.31%
IDXX	F	0.26%	0.26%	0.26%
JNJ	D	0.61%	0.48%	0.48%
KLAC	D	0.54%	0.94%	0.54%
LRCX	F	0.23%	0.34%	0.23%
MEDP	D	0.31%	0.33%	0.31%
META	D	2.87%	0.7%	0.7%
MSFT	F	5.64%	0.51%	0.51%
NBIX	C	0.11%	0.43%	0.11%
NOW	A	0.34%	0.94%	0.34%
NVDA	C	7.27%	2.81%	2.81%
ORCL	B	0.04%	1.61%	0.04%
PM	B	0.92%	1.58%	0.92%
QCOM	F	0.84%	0.78%	0.78%
UTHR	C	0.05%	2.55%	0.05%
VEEV	C	0.12%	0.43%	0.12%
WDAY	B	0.16%	0.35%	0.16%
ZM	B	0.52%	0.53%	0.52%

FHEQ Overweight 135 Positions Relative to COWG

Symbol	Grade	Weight
AMZN	C	3.64%
BRK.A	B	2.19%
GOOGL	C	2.02%
JPM	A	1.82%
GOOG	C	1.74%
XOM	B	1.54%
MA	C	1.34%
HD	A	1.32%
TSLA	B	1.26%
NFLX	A	1.26%
BAC	A	1.17%
PG	A	0.87%
CMCSA	B	0.83%
WMT	A	0.8%
CSCO	B	0.79%
LLY	F	0.76%
NEE	D	0.73%
UNP	C	0.73%
TJX	A	0.73%
MRK	F	0.69%
TT	A	0.69%
LMT	D	0.69%
T	A	0.67%
CTAS	B	0.66%
CI	F	0.63%
PGR	A	0.63%
ECL	D	0.62%
SQ	B	0.59%
BDX	F	0.59%
CL	D	0.58%
UNH	C	0.57%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
PFE	D	0.56%
SEIC	B	0.54%
C	A	0.54%
PYPL	B	0.54%
DVN	F	0.53%
CVNA	B	0.52%
MMC	B	0.52%
TXT	D	0.51%
MSCI	C	0.49%
CMG	B	0.49%
TRV	B	0.49%
CAT	B	0.48%
MU	D	0.47%
ZBRA	B	0.47%
V	A	0.47%
GE	D	0.45%
IGT	F	0.45%
COST	B	0.45%
ALLE	D	0.44%
RTX	C	0.44%
EOG	A	0.43%
CSX	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
CAH	B	0.4%
ALRM	C	0.4%
WM	A	0.38%
CME	A	0.37%
BK	A	0.36%
TDC	D	0.35%
PPG	F	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
CACI	D	0.3%
TMUS	B	0.29%
SKYW	B	0.29%
SPGI	C	0.28%
HWM	A	0.27%
INCY	C	0.27%
MSI	B	0.26%
TMO	F	0.26%
NSC	B	0.26%
AMT	D	0.24%
AMGN	D	0.24%
BLK	C	0.23%
TROW	B	0.23%
LHX	C	0.23%
MGM	D	0.22%
CVS	D	0.22%
MMM	D	0.22%
BIIB	F	0.21%
XEL	A	0.21%
RSG	A	0.2%
GL	B	0.2%
CLX	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
HLT	A	0.18%
VZ	C	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
ADP	B	0.16%
SPG	B	0.16%
MS	A	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
WFC	A	0.15%
UBER	D	0.14%
DASH	A	0.12%
CINF	A	0.12%
SOLV	C	0.12%
BBWI	D	0.11%
QRVO	F	0.11%
VST	B	0.11%
KR	B	0.11%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
DOC	D	0.08%
ALL	A	0.07%
BCC	B	0.07%
MDLZ	F	0.07%
L	A	0.07%
TENB	C	0.06%
LYFT	C	0.06%
BLD	D	0.05%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
CVX	A	0.02%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 65 Positions Relative to COWG

Symbol	Grade	Weight
APP	B	-7.1%
UI	A	-4.36%
TPL	A	-4.12%
PLTR	B	-2.33%
GDDY	A	-2.27%
FICO	B	-2.04%
DTM	B	-2.02%
DOCS	C	-1.92%
TKO	B	-1.71%
RGLD	C	-1.6%
RMD	C	-1.58%
WMB	A	-1.57%
KMI	A	-1.45%
MO	A	-1.42%
CWEN	C	-1.41%
CSL	C	-1.19%
PANW	C	-1.09%
ADI	D	-1.09%
BKNG	A	-1.06%
MRO	B	-1.05%
MPWR	F	-0.95%
TDG	D	-0.9%
VRSK	A	-0.85%
MRVL	B	-0.84%
FFIV	B	-0.82%
MTD	D	-0.8%
AM	A	-0.79%
LOPE	B	-0.78%
EA	A	-0.78%
REGN	F	-0.76%
SMG	D	-0.72%
PAYX	C	-0.71%
HOLX	D	-0.69%
SNA	A	-0.69%
OLED	D	-0.68%
FANG	D	-0.64%
MANH	D	-0.62%
DT	C	-0.54%
DUOL	A	-0.51%
ROP	B	-0.51%
JAZZ	B	-0.5%
PTC	A	-0.5%
BSY	D	-0.47%
SWKS	F	-0.47%
MCD	D	-0.46%
MTCH	D	-0.46%
INTU	C	-0.45%
ANSS	B	-0.45%
CRWD	B	-0.42%
TEAM	A	-0.41%
CDNS	B	-0.4%
DDOG	A	-0.4%
VRSN	F	-0.39%
MCHP	D	-0.38%
ZS	C	-0.37%
IRDM	D	-0.36%
ZTS	D	-0.33%
PINS	D	-0.32%
ABNB	C	-0.28%
OKTA	C	-0.25%
ETSY	D	-0.24%
SNOW	C	-0.23%
LSCC	D	-0.23%
ZI	D	-0.2%
PATH	C	-0.18%